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business planning

The Economic Importance of U.S. Animal Agriculture

Today, farms are much more specialized in crops or animals, and many fewer are in both. Has this changed the relative economic importance of crop and animal agriculture in the U.S.?

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Assessment of Management Skills

Assessing management skills is an important part of benchmarking farm performance and figuring out where improvements may be needed.

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Pro forma Financial Statements

A spreadsheet to create pro-forma income and sources and uses of funds statements, and to compute repayment capacity and liquidity measures.

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What Should My Farm Benchmark?

Benchmarking is an important component to a continuous improvement program.

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Farm Growth: Challenges and Opportunities

Before growing, it is essential for an operation to think about their strategic direction.

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Managing Risk: A Conversation with Kirkpatrick Farms

Kirkpatrick Farm operators, Bryan and Susan Kirkpatrick along with their daughter, Andrea, raise food-grade corn and seed soybeans with an emphasis on improving the productivity of their land.

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Managing Risk: A Conversation with Mylet Farms

The Mylet farm is operated by Tom and Neal Mylet (fifth and sixth generations of the Mylet family) along with input from several other family members. The farm has been in their family for more than 150 years.

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Managing Risk: A Conversation with Maple Farms

Maple Farms is a family partnership, with three generations of the family actively involved in the farm since 1975. Maple Farms primarily grows food-grade corn and seed soybeans.

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Does Your Farm Need to Expand?

There are numerous motivations for farms to expand their businesses. Even in today’s environment of tight margins, many farms are exploring expansion options.

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Evaluating Strategic Options

Sound strategic planning requires assessing strategic risk, which involves the sensitivity of a farm’s strategic direction, and the ultimate vulnerability and sustainability of the farm to uncertainties in the business climate.

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